{"citation":"Merchants & Marine Bank SBA loans. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/merchants-and-marine-bank/ Source: SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/sba-express-lenders/merchants-and-marine-bank/","title":"Merchants & Marine Bank SBA loans","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"},{"label":"13 CFR § 120.214(d)","url":"https://www.ecfr.gov/current/title-13/section-120.214"},{"label":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"FDIC BankFind: institution directory (headquarters and website)","url":"https://banks.data.fdic.gov/bankfind-suite/bankfind"}],"data":{"lender":{"name":"Merchants & Marine Bank","legal_name":"Merchants & Marine Bank","type":"bank","headquarters_city":"Pascagoula","headquarters_state":"MS","fdic_certificate":12203,"ncua_charter":null,"regulator_status":"active","website":"https://www.fmbanking.com","rank_by_loans":238,"lenders_ranked":807},"window":{"id":"recent","from":"2023-10-01","to":"2026-06-30"},"loans":68,"dollars_approved":39569100,"median_loan":305750,"loan_25th_percentile":50000,"loan_75th_percentile":608000,"median_term_months":120,"median_starting_rate_pct":10.25,"median_starting_rate_window":{"id":"recent","from":"2023-10-01","to":"2026-06-30"},"median_spread_over_prime_points":2.75,"sba_express_share_pct":41.2,"line_of_credit_share_pct":39.7,"loans_by_size":{"$50,000 or less":18,"$50,001 to $150,000":9,"$150,001 to $350,000":11,"$350,001 to $500,000":8,"$500,001 to $1,000,000":11,"$1,000,001 to $2,000,000":7,"Over $2,000,000":null},"loans_by_business_age":{"In business more than 2 years":19,"In business 2 years or less":8,"Startup: the loan opens the business":29,"Change of ownership":12,"Not answered":0},"top_states":{"Texas":19,"Florida":12,"Mississippi":12,"Alabama":6},"top_industries":{"Full-Service Restaurants":7,"Snack and Nonalcoholic Beverage Bars":6},"loans_by_fiscal_year":{"2020":null,"2021":0,"2022":0,"2023":8,"2024":24,"2025":36,"2026":8},"charge_offs":{"loans_approved_in":"FY2020 to FY2022","loans":null,"charged_off_pct_of_loans":null,"charged_off_pct_of_dollars":null},"all_lenders":{"median_loan":150300,"median_spread_over_prime_points":2.75,"sba_express_share_pct":35.8,"line_of_credit_share_pct":28.1,"charged_off_pct_of_loans":3.6},"note":"Null means fewer than 5 loans. Loans SBA approved only: the file has no denials."}}